Why do every projects that have their stable coins always end up a scam? This question is enough for anyone to think twice before investing in any project g that has their stable coin that is not backed by anything, especially if they are defi projects, they can easily lie about what is backing their stablecoin, the risk here is freakily high, most of them are scam projects.
Even if the project does not begin as a scam it can easily turn into one, because even if they were to back their stable coin with fiat the ratio they promised their investors which will be maintained can always be altered over the life of the project, this means that people are taking a huge risk by investing in those projects, and what is worse is that those coins offer a sense of security to investors and they may not realize that instead they are taking the biggest risk on their short careers.